Morgan Stanley Cuts CMBS Group Globally

20 Nov 2008

Morgan Stanley has reportedly cut its U.S. commercial mortgage-backed securities group to 12 people and reduced its European and Asian groups to eleven staffers each.

Morgan Stanley has reportedly cut its U.S. commercial mortgage-backed securities group to 12 people and reduced its European and Asian groups to eleven staffers each.

Steve Stern, who heads the U.S. group, referred calls to Mark Lake, a spokesman. Lake would say only that the firm had cut off 10% of ...

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